Latest Industry News

IAJ President – Peter Levy- Motor Uninsured
Managing Director BCIC- Speaks on the amount of uninsured motor vehicle on the road in Jamaica and the dangers it creates for the insured driver.

IAJ President – Peter Levy- General Uninsured
Managing Director BCIC- Speaks on the amount of the uninsured population in Jamaica.

Past Statistics:

Life Insurance (2016-2017)
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General Insurance (2014-2015)
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Claims Payout (2012-2013)
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General Insurance (2014-2015)
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Statistics on The Insurance Sector.

The insurance industry in Jamaica is one of the largest in the Caribbean. In 2017, Jamaica’s insurance sector had over 795 Sales Representatives in Life Insurance servicing among 6 life insurance companies. In 2017, Jamaica’s insurance sector had over 500 Sales Representatives in General Insurance servicing among 10 general insurance companies. Learn More >

Industry Statistics

MOTOR INSURANCE

PROPERTY INSURANCE

HEALTH INSURANCE

RETIREMENT INSURANCE

1603, 2017

Banks urged to improve access to financing for MSMEs

Minister of Finance and the Public Service, Audley Shaw (left), shares a light moment with Chairman of the Development Bank of Jamaica (DBJ), Christopher Zacca, at a consultation to discuss the DBJ/World Bank Environmental and Social Management Framework Policy,

1503, 2017

Peter’s ‘new deal’ – Phillips offers Gov’t three keys to unlock economic growth

Opposition Spokesman on Finance Dr Peter Phillips is of the view that the Jamaican economy will not achieve high rates of economic growth unless the country addresses the problems stemming from social and economic inequality.

In his presentation to the Budget

1503, 2017

Hike in health insurance costs will ‘kill’ patients

Opposition Spokesman on Finance Dr Peter Phillips has described as “pernicious”, the new tax on group health insurance premiums.

Noting that Jamaica’s health system is grossly inadequate to provide proper services to citizens, Phillips argued that no government in the past

1503, 2017

Byles leaving Sagicor Zacca set to take helm of financial group

Richard Byles is stepping down as president and chief executive officer of Sagicor Group Jamaica Limited at the end of this month and will be replaced by Christopher Zacca, the Jamaica Observer learnt yesterday evening.

Byles was not available for comment